21. Sherry is in the top federal tax bracket of 29 percent. She lives in a province where her provincial marginal tax rate is 17 _ 5 percent and the provincial dividend tax credit is 31 percent of the dividend gross up. If Sherry receives an eligible dividend of $16,000 from a Canadian public corporation in 2012, how much will she pay in income tax? c $5,393. 52,827. S5,066_ $8,382.